Intel has a New CEO as Current COO Takes Over on May 16

Intel CEO Paul Otellini's retirement from the company has been known since last November, but it wasn't clear who would suceed him. He planned to retire this May, and since we're now a couple of days in, we finally know who is next in line. Intel announced that current Chief Operating Officier (COO) Brian Krzanich will assume the CEO title on May 16, during the company's annual stockholders' meeting. Krzanich has been with Intel for 31 years, so he's the perfect internal candidate for the job. The company also announced Renée James was elected president of the board of directors, and she'll begin her new role on May 16, too. Both executives are looking forward to their new roles, with Krzanich particularly looking forward to moving Intel faster into "ultra mobility."